Elopak ASA (OSL:ELO) ROCE % : 20.82% (As of Mar. 2024)

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What is Elopak ASA ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Elopak ASA's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.82%.

Elopak ASA ROCE % Historical Data

The historical data trend for Elopak ASA's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Elopak ASA ROCE % Chart

Elopak ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.91

14.72

10.02

9.75

17.73

Elopak ASA Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														16.18	18.76	20.28	11.81	20.82

Elopak ASA ROCE % Calculation

Elopak ASA's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1271.277	/	( ( (10010.708 - 3026.482)	+	(11074.109 - 3714.493) )	/ 2 )
	=	1271.277	/	( (6984.226	+	7359.616)	/ 2 )
	=	1271.277	/	7171.921
	=	17.73 %

Elopak ASA's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1544.06	/	( ( (11074.109 - 3714.493)	+	(11314.575 - 3843.218) )	/ 2 )
	=	1544.06	/	( ( 7359.616	+	7471.357 )	/ 2 )
	=	1544.06	/	7415.4865
	=	20.82 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Elopak ASA (OSL:ELO) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Elopak ASA ROCE % Related Terms

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Elopak ASA (OSL:ELO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Elopak ASA (OSL:ELO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ELPKF:USA ELOo:Sweden 0AB3E:UK 9J7:Germany

Address

Industriveien 30, Spikkestad, NOR, 3430

Website

https://www.elopak.com

Elopak ASA is a supplier of carton packaging and filling equipment. It uses renewable, recyclable, and sustainably sourced materials to provide packaging solutions. The company offers a natural and convenient alternative to plastic bottles and fits within a low carbon circular economy. It generates the majority of its revenue from Cartons and closures, followed by Equipment and services. The company's geographical segments include Germany, the United States, Canada, the Netherlands, Norway. and others.

Elopak ASA (OSL:ELO) Headlines

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